Insight

‘An enabler of resilience’: Cyber insurance key as APAC SMEs face up to ransomware, AI threat

Published

01 October 2025

Read time

1 minute

The Qantas breach wasn’t internal, it originated from a third-party platform, exposing millions of customer records and underscoring the growing risk of supply chain vulnerabilities across Asia Pacific.

In this InsuranceAsia News feature, Edward Wong, Regional Director of Cyber & Technology Solutions, Asia, shares why businesses must rethink their approach to cyber resilience. Drawing on insights from our 2024 Cyber insurance report, which revealed an 85% surge in global ransomware attacks and identified APAC as  a key growth region for cyber insurance, he outlines the strategic role insurers must play.

Edward Wong Cyber
Instead of targeting organisations directly, cybercriminals are increasingly exploiting vulnerabilities across their broader network of affiliates, vendors and service providers,” Wong said. “This highlights the crucial need for insurers to closely assess supply chain risk exposure when underwriting policies.
Edward Wong Cyber

With AI-driven threats and social engineering tactics on the rise, Edward outlines how tailored coverage and proactive risk management are essential to building resilience in today’s evolving threat landscape.

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